Some big news today: Five big banks agreed to contribute $25 billion to help relieve the financial burden on homeowners. The money partially immunizes the banks from legal action, and NPR reports, "Most of the money—$20 billion—would go toward writing down principal payments for homeowners who were not foreclosed upon, but who are struggling now."
So [...]

Since it's been established here, here, and here that terminology matters, it seems worth pointing out the screaming language on the front page of the Washington Examiner yesterday: "Suburban dreams turn into ghettoes." The headline inside the paper said: "Foreclosure crisis creating suburban slums."
The story by Bill Myers and David Sherfinski began:
Two years of economic [...]